A short covering may expect from lower levels...

EQUITY BULLETIN ON 24 NOV 2021

Nifty Future

Nifty has resistance around 17600 if it breaks and sustains above 17600 will see an upside rally till 17750---17800 levels in an intraday session.

Else Nifty has support around 17400, breaks below 17400 will see intraday fall till 17250---17200 levels.

Trading strategy

Traders can buy Nifty Future above 17600 with a stop loss below 17450 levels for an upside movement till 17750---17800 levels in an intraday session.

Bank Nifty Future

Bank Nifty has resistance around 37500, breaks and sustains above 37500 will see upside movement till 37900--38000 levels in an intraday session.

Otherwise, Support around 36500, breaks below 36500 will see an intraday downside fall till 36200---36000 levels.

Trading Strategy

Traders can buy Banknifty Future above 37500 with a stop loss below 37200 for a downside movement till 37900---38000 levels in an intraday trading session.

Stock Pick of the day

Buy HIKAL around 520 levels, stop loss below 490 levels, for an upside movement till 565---580 +++ levels in coming days. *T&C Apply...